Net worth update 11 August 2017

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Hey guys it’s time for another net worth update to keep me on my toes!

 

My current net worth
PhP 1,802,775.31 / USD 36,115.50

 

This is comprised of:
Real estate 44.93%
Cash 23.07%
Car 20%
Stocks etc 9.22%
Retirement account 2.77%

 

Expectedly, there is a dip in net worth as I took on a depreciating asset, a car, the value of which I’ve fully depreciated by 20% in this update. I also anticipate a slight dent in my saving rate as I took on a 3-year  car loan. We shall see how big the dent would be in the coming months.

 

On the plus side, frugal husband and I have been enjoying our new car, especially with the knowledge that we own half of it (made a 50% down-payment). Gas hasn’t been much of a problem as I abide by the frugal rule of only driving between cities / long distances.   We also wash our car ourselves,  but this is more a function of failing to find  a nearby reliable car wash, lol.

 

Have you calculated your net worth lately?

George

 

 

 

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6 thoughts on “Net worth update 11 August 2017

  1. “a car, the value of which I’ve fully depreciated by 20% in this update” – Woah, you’ve depreciated it by 20% already? 😮 May I ask what is your method of valuing your car? Would love to know your considerations on it in case I acquire one in the future as well. 🙂 Thanks in advance!

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